WASHINGTON — In recent weeks, Facebook’s stock has fallen roughly 5 percent, shaving billions off its market value. Lawmakers have introduced laws that could weaken the company’s legal protections. Shareholders filed a resolution to dilute the power of its chief executive, Mark Zuckerberg...
In 1997, when Toyota launched its Prius hybrid, it was a product that symbolised environmental ambitions that outpaced many of its global rivals at the time. Nippon Steel also quietly played its part by supplying new energy-saving steel material for the petrol-electric vehicle...
The family drama surrounding Rogers Communications Inc. could have ripple effects for the company and its shareholders if it’s not resolved soon. The warning from experts comes as the Canadian telecommunications giant continues to make headlines over a feud involving ousted company chair Edward Rogers, his family and executives...
Facebook the company is losing control of Facebook the product — not to mention the last shreds of its carefully crafted, decade-old image as a benevolent company just wanting to connect the world...
It’s not enough for socially enlightened masters of finance like BlackRock and Nasdaq to push around publicly traded companies. Now they want the Securities and Exchange Commission to impose their social and political agenda on all companies, including private firms. The SEC is expected soon to propose rules requiring companies to publicly disclose climate, board diversity and human-capital metrics...
The Commonwealth Climate and Law Initiative has just published a report which makes clear that U.S. board directors need to ensure that the company is well-managed from the perspective of climate change. This responsibility is rooted in Delaware law under the duty of loyalty and duty of care...
Henry Kravis and George Roberts stepped aside as KKR co-chief executives last week, having created a private equity behemoth with more than $429bn of assets under management. But the company has also delivered outstanding shareholder returns, achieving an annual average of more than 25 per cent in the 11 years it has been publicly listed...
Boardroom debates often get degraded when one vocal director pronounces a distorted cliché to supposedly capture an entire debate in a nutshell—which just derails the discussion. For five decades, a marketing professor famous for his Napoleonic class in leadership at Harvard Business School...
As funds focused on environmental, social and governance issues evolve, a new report says investors need to pay more attention to the “S” in ESG, especially how investing decisions impact low-wage workers. When funds consider ESG factors, the criteria they use often focus on easier-to-measure environmental factors (the “E”), but gloss over the social aspects of companies’ practices, according to a New York University Stern Center for Business and Human Rights report released this week...
Our view is the choices we make available to clients should also extend to proxy voting. We believe clients should, where possible, have more choices as to how they participate in voting their index holdings...
Governance is the forgotten word in ESG, especially given how our society has put so much emphasis on environmental and social issues. If we deep dive into what governance really stands for, we see that it’s a priority and a necessity for future success. The “g” is immediate, clear and concise...
Removing Matthew Moulding’s golden share is barely a first step to address City concerns...
Increasingly assertive institutional investors, aggressive hedge fund activists, empowered ESG experts, and powerful proxy advisors are ramping up their demands on public company boards...
Archer Aviation Inc. is years from producing its only planned product, a four-passenger electric air taxi that the main U.S. regulator hasn’t yet certified. It hasn’t generated any revenue. Still, the co-founders of this three-year-old company got a huge payday last month, a $99 million special stock award that stands to quadruple if Archer hits other milestones—thanks to a compensation package they negotiated before it listed publicly on Sept. 17...
Female managers are often told they just need to demand more pay; research shows they are undermined by being given smaller roles...
Environmental, social, and governance (ESG) frameworks provide a critical tool to advance mental health in the workplace—and the movement is already growing...
When a publicly-traded company releases misleading information that distorts the price of the company’s stock, investors who purchase at the inflated price suffer harm from the misleading information when it is corrected...
Dr Alex Gold says it’s incumbent on companies to articulate not only how they manage external environmental and social impacts, but also how they integrate ESG into their value creation strategy...
At Dow, inclusion, diversity, accountability, and good governance starts with our Board of Directors . We talked with Amy Wilson, general counsel and corporate secretary, for her insights on the strong correlation between diverse boards and long-term competitiveness...
The lasting effects of the global pandemic; environmental, social and governance (ESG) considerations; political dynamics — today’s business climate is challenging...
Boards of directors have undergone a number of pivotal moments in the wake of the COVID-19 pandemic and the racial justice movement spurred by the murder of George Floyd in 2020. In some cases, the demands of board members have irrevocably expanded...
Frances Haugen, a former product manager at Facebook, recently revealed her identity as the whistleblower who reported Facebook to the U.S. Securities and Exchange Commission (SEC) and provided internal Facebook documents to Congress and to the press. Questions have arisen about what kinds of protections she and other whistleblowers have when it comes to sharing documents with government regulators, Congress, and news outlets...
CFOs who were former financial statement auditors report less aggressively than CFOs without prior audit experience...
When Covid lockdowns hit, Tilman Fertitta’s restaurants and casinos took a serious hit, and he had to lay off 40,000 workers. But now, the Houston Rockets owner is richer than ever thanks to seismic market shifts and his own clever SPAC strategy...